It usually doesn't do any good to report it to the bank/broker/retailer/service that is being spoofed. They do not have any staff to pursue phishing attempts. It would be great if they would set up "honeypots" to trap the criminals, but they don't.
About the only thing you can do to fight phishing is to make it unprofitable by wasting the scammers' time. Go to their bogus web site and feed them entirely phony information: name, e-mail address, password, whatever. The more people who do this, the less profitable phishing becomes.
This is fraud and more specifically, identity theft. Many emails spam your inbox trying to pull this same scam.
A fake email represents the bait in a phishing scam. Potential victims are lured into the scam with an email that threatens a breach in security or some kind of reward for replying to the email and providing personal information.
The hook of a phishing scam is where the scammers got the information on the people they scammed. This can include emails or phone calls that trick a person into giving out information.
Phishing scams can hook users through trustworthy looking e-mails. Another popular scam is a message from a user on eBay.
Phishing
phishing
A phishing scam is when someone sends an legit looking email in the hope of tricking the user to providing personal information.
Phishing is a portmanteau of "phreaking and fishing". "Phreaking", another kind of scam, is in turn a portmanteau of "phone" and "freaking".
phishing
phishing
The "hook" in a phishing scheme is the bait that is used by scammers to get personal information. People fall for phishing scams because they usually come in the form of harmless looking emails.
Phishing